Generative AI
General
Blue water thinking and P&I clubs
Ensuring competency in marine insurance
New technology and cyber risks on the high seas
Seven trends in multinational insurance programmes
Insurers continue to integrate ESG
Blueprints for a sustainable Asia
Myanmar - digital approach makes prospects positive
Life & health
Using technology to improve health insurance
Prioritising health and retirement goals in Asia
Reinsurers' earnings challenged by declining asset values
Australia
Strong earnings recovery for Australian listed insurers
It's time to join ARPC's cyclone pool
The future of life insurance is healthy
A mature and politically stable market
Focusing on risk mitigation
A credit view: Weighing the risks of more catastrophes
Failure of risk management in Australia
Bancassurance in Australia
Strengthening regulation to prepare for the future
Australian InsurTech firms scale internationally despite limited capital
New business value continues to drop, is the turning point near?
Sponge cities can be the solution to flood
The road to net zero is not smooth
View from India - Insurance industry can help India attain net zero
Too early to determine financial impact of sustainability standards
Taming the medical inflation dragon in ASEAN
Unlocking a robust claims fraud risk framework in Asia
Ransomware and vulnerability of the pharma industry
Modern insurance broking in Japan
Maximising the competitive advantage
Brokers are integral to the Indian market
Economic recovery bodes well for brokers
Asian
Hong Kong: Insurers move closer to implementation of RBC regime
India: Regulator urges swift action
Vietnam: Two foreign investors increase stake in non-life insurance market
Risk
AI can spread climate misinformation cheaper and faster
Political risk set to remain elevated but threat levels overestimated
Staggering cost of mental health is a crisis for insurers
Malaysia: Tokio Marine to offer affordable insurance to gig workers
Singapore: Beazley launches private equity liability product for portfolio companies
Singapore: FWD adds cyber cover to home insurance product
People on the move
MARKET PROFILE - Australia
Buy Now
INSURANCE - General
International Group of P&I Clubs’ Mr Andrew Cutler shared his thoughts on the pressures affecting the sector and future prospects.
REINSURANCE
The hardening of the P&C reinsurance market has brought strong premium growth for reinsurers globally. However, a challenging investment environment has impacted asset values and return on equity.
The most recent report of the UN’s IPCC provides a clear final warning that urgent and immediate action is necessary to limit global warming to 1.5°C.
Australian Reinsurance Pool Corporation (ARPC) launched a Cyclone Reinsurance Pool to help reduce insurance premiums on home, commercial and strata insurance in cyclone-prone regions across Australia, as ARPC’s Dr Christopher Wallace reports.
The Governance Institute of Australia’s 2020 risk management survey highlighted that 84% of 393 respondents believed risk management was highly valued in their organisation, up from 70% in 2019.
NOTEBOOK
Perfios’ Mr Pramod Veturi looks at how cutting edge AI and ML is delivering real value for the medical insurance business.
RISK
In the age of digital insurance, fraud poses an ever-evolving challenge for Asia’s insurers, with consequences for consumers and shareholders alike.
The question that many insurance industry CEOs will be mulling over at present is whether generative AI is going to be a game changer for the sector – or just another flash in the pan.
The marine insurance industry has suffered over the past few years, but growth has begun to return, with the rise in interest rates and general improvement in the shipping business. We spoke to the International Union of Marine Insurer’s Mr...
The continued digitalisation of the maritime sector means that shipowners can now rely in advanced new technology to manage risks.
The five ASX-listed insurers have all achieved bottom-line growth in the first half of FY2023, reversing a declining trend in FY2022 due to a challenging operating environment with a higher incidence of natural disasters, volatile investment markets...
Asia Insurance Review spoke with Council of Australian Life Insurers’ Ms Christine Cupitt on a range of issues impacting Australia’s life insurance industry.
Profits for the listed life insurance companies in China have seen a drop, according to the latest 2022 numbers.
Insurance is one way to respond to the disastrous floods that plague China annually. Sponge cities offers one response to this challenge.
The Net Zero Insurance Alliance came into being in 2021 with an agenda to tackle climate change. However, things have not worked out as expected.
The Indian insurance industry can do much to help achieve the country’s net-zero target for 2070.
Insurers have been committing to sustainability standards and commitments and are changing the way they invest and underwrite products.
Ransomware attacks against Indian pharma companies are on the rise, however, it appears that the industry does not view this threat with the seriousness it deserves.
Asia Insurance Review spoke to Japan Insurance Brokers Association’s Mr Yoshio Miyatake – about the progress and growth prospects of brokers.
Advances in digitalisation and sophistication of clients meant that brokers had to start introducing more services in order to maintain a competitive advantage and to help insurers in an increasingly complex environment.
Insurance brokers are today playing a greater role in the Indian insurance industry with their share of premium doubling to 33% over the past decade.
The Insurance (Amendment) Bill 2023 has been gazetted, a move which takes the insurance industry closer to a legislative framework to implement a risk-based capital (RBC) regime.
The Insurance Regulatory and Development Agency of India (IRDAI) has asked the insurance industry to be prepared to move quickly with health insurance solutions covering the ‘missing middle’ in the country.
Two domestic insurance companies, the Vietnam National Aviation Insurance Joint Stock Corporation (VNI) and Military Insurance Corporation (MIC), welcomed additional capital from foreign investors in the first quarter of 2023.
Tokio Marine Insurans (Malaysia) (Tokio Marine), has partnered with KirimMan, a one-stop logistic solution and Finology, an Asia-Pacific fintech company that specialises in enabling embedded finance, to offer affordable insurance products for gig...
Beazley has announced the launch of a new private equity liability product in Singapore, designed to focus on the long-term lifecycle of the portfolio investment companies held by the private equity firms.
FWD Singapore (FWD) has announced the expansion of its home insurance coverage by protecting homeowners from cyber fraud through its complimentary FWD cyber insurance.